Scottsdale, December 12, 2025
A three-story office building in Scottsdale has been sold for $10 million, driven by increasing demand for smaller office spaces. The Hayden Corporate Center, which spans approximately 34,896 square feet and is fully occupied, will undergo renovations and upgrades under new owner Revelation RE. This reflects a growing trend in the Scottsdale office market where businesses are seeking flexible, cost-effective spaces. The sale reveals strong investor interest in smaller properties that promise stable returns.
Scottsdale Office Property Sells for $10 Million Amid Rising Demand for Smaller Buildings
Scottsdale, Arizona – A three-story office building in Scottsdale has been sold for $10 million, reflecting the growing demand for smaller office spaces in the area. The property, known as Hayden Corporate Center, comprises approximately 34,896 square feet and is fully occupied. The sale was facilitated by Cushman & Wakefield, with Revelation RE, led by principal Bret Anderson, acquiring the asset. The new ownership plans to renovate both the exterior and interior of the building, as well as upgrade several major building systems.
Key Details of the Transaction
- Sale Price: $10 million
- Property Size: Approximately 34,896 square feet
- Occupancy: 100%
- Location: 8283 N. Hayden Road, Scottsdale, Arizona
- Buyer: Revelation RE, led by Bret Anderson
- Brokerage Firm: Cushman & Wakefield
Background Context
The Scottsdale office market has seen a shift towards smaller, fully occupied properties, as businesses seek flexible and cost-effective spaces. This trend is evident in recent transactions, such as the sale of a 10,000-square-foot Class B office building in Scottsdale for $1.3 million, and a 9,066-square-foot Class B office building for $2 million. The Hayden Corporate Center’s sale aligns with this pattern, indicating a robust market for smaller office buildings in Scottsdale.
Market Implications
The successful sale of the Hayden Corporate Center underscores the attractiveness of well-located, fully occupied office properties to investors. The planned renovations and system upgrades by Revelation RE are expected to enhance the building’s appeal and value, potentially setting a precedent for similar properties in the Scottsdale area. This transaction highlights the dynamic nature of the Scottsdale real estate market and the ongoing demand for quality office spaces.
Related Transactions in Scottsdale
- Gainey Center Sale: In August 2023, Lincoln Property Company sold Gainey Center, a three-story, Class A office building totaling 143,653 square feet, for $26.5 million.
- Axis Raintree Sale: In October 2025, a 179,360-square-foot Class A office building in Scottsdale, known as Axis Raintree, was sold for $70.7 million.
- Skyport Scottsdale Sale: In September 2025, CBRE arranged the $17.5 million sale of Skyport Scottsdale, a 3.69-acre property with office-flex buildings and airplane hangars, to a private buyer.
Conclusion
The recent sale of the Hayden Corporate Center for $10 million reflects the Scottsdale office market’s growing preference for smaller, fully occupied properties. Investors are increasingly attracted to these assets, recognizing their potential for stable returns and value appreciation. The planned enhancements by Revelation RE are anticipated to further elevate the property’s market position, contributing to the area’s dynamic real estate landscape.
Frequently Asked Questions (FAQ)
What is the Hayden Corporate Center?
The Hayden Corporate Center is a three-story office building located at 8283 N. Hayden Road in Scottsdale, Arizona. It comprises approximately 34,896 square feet and is fully occupied. The property was recently sold for $10 million to Revelation RE, led by Bret Anderson. The new ownership plans to renovate both the exterior and interior of the building, as well as upgrade several major building systems.
Who facilitated the sale of the Hayden Corporate Center?
The sale of the Hayden Corporate Center was facilitated by Cushman & Wakefield, a global real estate services firm. Revelation RE, led by principal Bret Anderson, acquired the asset.
What are the plans for the property after the sale?
After the sale, Revelation RE plans to renovate both the exterior and interior of the Hayden Corporate Center, as well as upgrade several major building systems. These enhancements aim to improve the building’s appeal and value in the Scottsdale office market.
How does this sale reflect the Scottsdale office market trends?
The sale of the Hayden Corporate Center for $10 million reflects the growing demand for smaller, fully occupied office properties in Scottsdale. Investors are increasingly attracted to these assets for their potential for stable returns and value appreciation. This trend is evident in recent transactions involving smaller office buildings in the area.
What other significant office transactions have occurred in Scottsdale recently?
Other significant office transactions in Scottsdale include:
- Gainey Center Sale: In August 2023, Lincoln Property Company sold Gainey Center, a three-story, Class A office building totaling 143,653 square feet, for $26.5 million.
- Axis Raintree Sale: In October 2025, a 179,360-square-foot Class A office building in Scottsdale, known as Axis Raintree, was sold for $70.7 million.
- Skyport Scottsdale Sale: In September 2025, CBRE arranged the $17.5 million sale of Skyport Scottsdale, a 3.69-acre property with office-flex buildings and airplane hangars, to a private buyer.
Key Features of the Hayden Corporate Center
| Feature | Details |
|---|---|
| Location | 8283 N. Hayden Road, Scottsdale, Arizona |
| Property Size | Approximately 34,896 square feet |
| Occupancy | 100% |
| Sale Price | $10 million |
| Buyer | Revelation RE, led by Bret Anderson |
| Brokerage Firm | Cushman & Wakefield |
| Planned Renovations | Exterior and interior renovations, upgrades to major building systems |
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